India, July 20 -- The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of Rs. 13.30 lakh (Rupees Thirteen Lakh Thirty Thousand only) on Kolhapur District Central Co-op Bank Ltd., Maharashtra (the bank) for non-compliance with certain provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development with reference to its financial position as on March 31, 2025. Based on supervisory findings of non-compliance ...